Risk of poverty
 18. May 2020
One in ten citizens at risk of poverty in 2018

Some 5,000 Faroese citizens had a median income in 2018 low enough to be at risk of poverty.

The ‘at-risk-of-poverty’ threshold is set at 60% of the national median equivalised disposable income.

Just over 5,000 Faroese citizens had a median income below this limit in 2018. This figure represents 10.1% of the total population. The first year with registered poverty statistics in the Faroe Islands was 2009, when 8.9% were deemed to be at risk of poverty. This figure has been growing since 2010, except for a 0.8% drop from 2014 to 2016 and a 0.4% drop from 2017 to 2018.

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The 67+ age group features most prominently in this statistic, making up 27.4% of the total figure.

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The southern part of the Faroe Islands (Sandoy and Suðuroy) has higher at-risk-of-poverty figures than the rest of the country.

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All tables (Statbank)